David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.
Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.
Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.
David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.
Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.
Meaningful, Mindful and Balanced
On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.
David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.
David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.
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If you’re a homeowner, you’re probably like most people and just assume that property taxes are a fact of life. While it’s true that you can’t get out of paying property taxes, understanding more about them can help you benefit from keeping up with them. You may even begin to appreciate what the taxes do for your community.
There are Consequences for Non-Payment
Everyone runs into a little financial trouble from time to time, but falling behind on your property taxes is one thing that you don’t want to do. Depending on the specific tax and the laws in your area, being late with even one payment may subject you to fines and penalties. If you fall too far behind, your home may be foreclosed upon to help the government recoup what you owe.
You Can Use a Credit Card in a Bind
Some states allow homeowners to use credit cards to pay their property taxes. You should check with your state to determine if this is the case, so you’ll have this option in an emergency. However, you should also be aware that states use third-party payment processing companies to do this and those companies often charge a 2-3% fee for each transaction. This is in addition to the interest you’ll be paying your credit card company, which means you could be paying significantly more than you would normally pay.
You Can Claim Property Taxes as Exemptions
When you file your annual income tax returns, the federal government allows you to claim your property tax payments as exemptions. This can mitigate what you owe to the federal government and may even qualify you to receive a refund. However, this requires keeping documentation to prove you made all of your property tax payments on time.
An Escrow Account Makes Paying Taxes Easier
Your mortgage company may provide an option for establishing an escrow account that you pay into with each monthly mortgage payment. You’ll be paying one-twelfth of your property taxes with each payment, so you’ll have all of the money you need by the time your taxes are due. It’s important to ensure that payment is made on time, however. You’ll be held liable for a late payment, even though the lender assumes responsibility for making your payments.
While local and state governments use property taxes to fund a variety of programs, that doesn’t make your obligation any easier to bear. When buying a home, it’s important to get the property assessed for taxes, so you’ll know in advance what you’ll be expected to pay. This can help you determine if you really can afford the home.
Capital is a major component of real estate. Lots of people want to invest in real estate, but only a small percentage of those people have the money for it. Sometimes it seems like a person wants to invest and earn money but lacks the money necessary to make that investment in the first place. the solution to this conundrum would be in seeking a grant.
Grants exist for just about anything, even real estate. The trick to getting a grant is knowing where and how to apply. People familiar with college scholarships may recognize the same beats playing out when applying for a real estate grant. Most grants have narrow requirements limiting their possible recipient.
Once a person pours over a real estate investment grant’s requirements, it may soon become apparent that the odds of acceptance are slim. The truth here is that there is no way of being accepted if a person does not submit a request in the first place; this also means that an applicant should apply for every grant he seems suitable for. Anyone interested in real estate grants ought to look into grants focused on the restoration of damaged or condemned real estate or purchase assistance. This search can be aided by searching various grant directories that spell out all that a given grant offers and demands.
When researching grants, the following sites are recommended:
- Grants.gov allows you to search for specific grants through keywords.
- The Department of Housing and Urban Development.
When filling out an application, be sure to pay great attention to every part. Completion and accuracy are the major factors in getting a request fulfilled. It is common practice that a real estate grant provides a “Grant Proposal,” basically asking the applicant what he plans to do with the grant’s fund should he be chosen. Another way of improving the odds of success is for the applicant to highlight their previous involvement and contributions to a community. If the application can be hand-delivered, that is another way an applicant can improve his chances.
While writing grant proposals is relatively easy, it involves a unique format. It would behoove any applicant to ensure that the format is followed but shaky applicants might consider commissioning a writer.